Average cost of a cyberattack passes $1 million

The average cost of a cyberattack is now estimated at $1.1 million, according to a new report from cybersecurity company Radware. For organizations that calculate rather than estimate the cost of an attack, that number increases to $1.67M. The main impact of cyberattacks, as reported by respondents, is operational/productivity loss (54 percent), followed by negative customer experience (43 percent). What’s more, almost half (45 percent) report that the goal of the attacks they suffered was service disruption. Another third (35 percent) say the goal was data theft. 'While threat actors only have to be successful once, organizations must be successful… [Continue Reading]